ZECUSD Ready for a run of its life after long consolidation
Hi Everyone,
Zec is looking solid against dollar pair.
its looks like momentum finally arrived at this pair as it tested two major support levels 86-88 and 95-100.
As 100 is a strong round number, it started gathering strength from round number.
The structure of HL and HH are intact and i am anticipating another Higher high at 700 dollars target which is 1.618 fib level.
Double top can be a possibility but if momentum stays there at 350 resistance, i am anticipation higher prices
Currently the prices are at trend resistance. As soon as it breaks through, a good long opportunity is here.
Stochastic Rsi just flipped bullish which can bring strength in this pair and i am anticipating this indicator to reach near 80 before selling.
Thanks everyone,
please like and subscribe for more analysis.
Zec is looking solid against dollar pair.
its looks like momentum finally arrived at this pair as it tested two major support levels 86-88 and 95-100.
As 100 is a strong round number, it started gathering strength from round number.
The structure of HL and HH are intact and i am anticipating another Higher high at 700 dollars target which is 1.618 fib level.
Double top can be a possibility but if momentum stays there at 350 resistance, i am anticipation higher prices
Currently the prices are at trend resistance. As soon as it breaks through, a good long opportunity is here.
Stochastic Rsi just flipped bullish which can bring strength in this pair and i am anticipating this indicator to reach near 80 before selling.
Thanks everyone,
please like and subscribe for more analysis.
Comment:
WE finally broke out of the downtrend and zec is looking strong.
Comment:
Handling the overall market turbulance very well and trend and strength intact.